Valutrades Debuts its Institutional Desk Co-Headed By Thwaytes & Foster

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


Valutrades Debuts its Institutional Sector Desk Co-Headed By Thwaytes & Foster

June 8, 2019

ValuTrades institutional sectorUK based FCA regulated Forex ECN brokerage house Valutrades is now branching out into institutional sector. Having always focused on retail sector, the companies to move to branch out into institutional sector was made post recent changes to regulatory conditions in European market. In the firm’s bid to hasten and spearhead their expansion into institutional sector the firm has arranged for two of its non-executive directors to step down from their roles. John Thwaytes and Gavin Foster, two industry veterans with more than 30 years of industry experience each, they are highly valuable and coveted employees of the firm who are expected to help share their prime brokerage service. While they step down from their roles as non-executive director, they are still very much part of the firm’s higher echelon.

However, the exact names of the roles held by these two individual in this new project has not been made public yet aside from the reference in the announcement which stated they will co-head the operation. Thwaytes & Foster will focus on building Valutrades’ new institutional trading desk with primary targets focused on higher end clientele while helping the firm branch out into prime brokerage sector. In order to drive the changes in the firm’s business strategy to suit institutional desk, they will head the project by taking up full time roles at the brokerage house while brining in new sales staff to support them on their project. The firm decided to opt for Thwaytes & Foster to co-head the project given their experience in similar projects in their own careers. Thwaytes launched his own firm ODL Securities Ltd., which was eventually purchased by FXCM while Foster helped London Capital Group launch their prime of prime desk back in 2005.

This new project will be headed from the firm’s head office located in London. When speaking about this new project, Thwaytes commented, “Valutrades is in an exciting position to grow out the institutional piece due to the technical infrastructure and liquidity relationships it holds. The firm is one of the most dynamic and agile that I have had the pleasure of working with, the on-boarding is streamlined and the management team has spent time creating the right infrastructure and identifying the sweet spot it has to bring on institutional business”. Speaking on same topic, Gavin Foster commented, “Since receiving a 730k license from the FCA a year ago, combined with additional share capital and strategic hires, the firm has gone from strength to strength in terms of its corporate governance and excellent staff from the ground up. We have one of the best operational teams in the business and we look forward to building the institutional sales desk”.

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